"This growth is exceptional as quota prices for the US markets are highly volatile and is also way above the average growth of 14.34 per cent for country's total exports by July," said Rakesh Vaid, president of Garment Exporters Association (GEA).

The share of the exports to the US infact makes up almost 36 per cent share of the overall exports which stands at $1,907.7 million recorded durign the first four months as compare to the corresponding period in the previous year.

"The crashing value of the rupee vis-a-vis the US dollar is not the primary factor for the spurt," said highly-placed sources in the Apparel Export Promotion Council.

Overall, readymade garment exports has registered a good growth at 12 per cent in value terms for the four month period of the current fiscal.Seen at the disaggregated level, exports to EU during this period has registered a growth of 6.42 per cent in value terms to stand at $ 588.7 million.

Garment exporters are also expecting 3500 million tonnes of additional exports to EU upon the release of the pending exceptional flexibility quota (EFQ) by the EU authorities. This is expected to work out to an export order of Rs 250 crore if the EU releases the quota within the next few months.

Exporters are optimistic but say that the main concern would be timing of the release of the 3,500 tonnes of EFQ, the fact remains that if it is released during the lean season in the EU markets that would effect the shipments.

India had demanded 8,000 tonnes under the EFQ of which 4500 tonnes have been approved so far but the rest 3,500 tonnes is still pending clearance from the EU. Besides EU, Canada has reported an increase of 9.8 per cent at $ 86.3 million in the same period while that for quota restricted countries the exports have grown by 20 per cent.

However, there has been a decline in exports to the other bilateral agreement (OBA) countries during the period where the exports have registered a decline by 4 per cent in value terms.

The fall in export levels have come about by over 36 per cent for April-July for the destination Austria in dollar terms.

Similarly, exports have also fallen in the case of France where the decline has been by 2.33 per cent while Germany has managed a growth of a meagre 0.5 per cent for the period.

Meanwhile, exports to restricted countries stand at $ 2.3 billion. For destinations outside the bilateral agreement, export growth has been poor at 7.84 per cent in value terms with the absolute growth pegged at $ 886 million for the period mentioned.

The exports have fallen in July by almost 12 per cent to stand at $ 410 million. Exports of restrained items have registered a big decline of 13 per cent value terms while the exports of non-restraint items and OBA items have registered a decrease of 11 per cent for the same period.

Apparel exports makes up as much as 30 per cent of the total export basket and India's total apparel exports are expected to touch $ 35 billion for the current fiscal year.